Janet Yellen, United States Secretary of the Treasury, emphasized the need for increased regulation of nonbank entities, citing their potential to pose a systemic risk to the financial stability of the US.
CEO Jeremy Allaire of Circle – the company behind stablecoin USDC – gave the latest announcement about USDC’s volatility and solution for the recent crisis.
Cryptory.net - Kaiko believes that the absence of Silvergate will make large investors come to stablecoins as an alternative, thereby boosting their role in crypto trading.